Wednesday, May 16, 2012

Wednesday wind-down

2:39 pm (Hawaii) Not holding any FAZ, but the more I catch up on news, the more I wonder why I don't have at least a half-position. Chris Martenson's piece at Zero Hedge breaks it down best.

NY Times: Softening, Merkel says she is open to stimulus for Greece (May 16)
BBC (video): Greek Syriza leader Tsipras attacks EU and Merkel (May 16)
BBC: Watch deposit flight, not the eurocrats (May 16)
CBC (video): Greek bank run (May 16)
NY Times: Flight of Euros Accelerates, Adding to Greece's Worries (May 16)
Zero Hedge: This is the Greek ELA Borrowing Capacity (May 16)
Zero Hedge: What Happens if Greek Payments Stop: Goldman's Thought Experiement on 'The Day After' (May 16)
RT (video): Greek bank run starts (May 16)
Bloomberg: Greek Presiddent Told Banks Anxious as Deposits Pulled (May 15)
Zero Hedge: Has the Greek Bank Run Started? (May 15)
Economic Collapse: Bank runs in Greece will be followed by bank runs in other European nations

Funny how CNBC didn't show any footage of Greek bank runs today. Nada.

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